Investment profile

F2024 performance highlights

• Revenue of $14.68 billion, up 2.7% year-over-year or 0.9% year-over-year in constant currency¹;
• Earnings before income taxes of $2.29 billion, up 4.2% year-over-year, for a margin¹ of 15.6%;
• Adjusted EBIT¹ of $2.42 billion, up 4.5% year-over-year, for a margin¹ of 16.5%;
• Net earnings of $1.69 billion, up 3.8% year-over-year, for a margin¹ of 11.5%;
• Net earnings excluding specific items^1,3, of $1.77 billion, up 5.1% year-over-year, for a margin¹ of 12.0%;
• Diluted EPS of $7.31, up 6.6% year-over-year;
• Diluted EPS excluding specific items^1,3 of $7.62, up 7.8% year-over-year;
• Cash provided by operating activities of $2.20 billion, representing 15.0% of revenue¹;
• Bookings of $16.04 billion, for a book-to-bill ratio of 109.3%; and
• Backlog¹ of $28.72 billion or 1.9x annual revenue.

Q4 F2024 performance highlights

• Revenue of $3.66 billion, up 4.4% year-over-year or 2.0% year-over-year in constant currency¹;
• Earnings before income taxes of $592.4 million, up 6.2% year-over-year, for a margin¹ of 16.2%;
• Adjusted EBIT¹ of $600.2 million, up 4.7% year-over-year, for a margin¹ of 16.4%;
• Net earnings of $435.9 million, up 5.2% year-over-year, for a margin1 of 11.9%;
• Net earnings excluding specific items^{1, 2}, of $439.1 million, up 4.2% year-over-year, for a margin¹ of 12.0%;
• Diluted EPS of $1.91, up 8.5% year-over-year;
• Diluted EPS excluding specific items^1,2 of $1.92, up 7.3% year-over-year;
• Cash provided by operating activities of $629.1 million, representing 17.2% of revenue¹; and
• Bookings¹ of $3.82 billion, for a book-to-bill ratio¹ of 104.4%.

Revenue distribution

Service type

F2024

• 55% Managed IT and business process services
• 45% Business and strategic IT consulting and systems integration services

Q4 F2024

• 56% Managed IT and business process services
• 44% Business and strategic IT consulting and systems integration services

Client geography

F2024

• 31% United States
• 15% France
• 15% Canada
• 12% United Kingdom  
•   7% Germany
•   6% Finland
•   5% Sweden
•   9% Rest of the world.

Q4 F2024

• 32% United States
• 15% Canada
• 15% France
• 12% United Kingdom  
•   7% Germany
•   6% Finland
•   4% Sweden
•   9% Rest of the world.

Vertical market

F2024

• 37% Government
• 22% Manufacturing, retail and distribution
• 22% Financial services
• 13% Communications and utilities  
•   6% Health

Q4 F2024

• 38% Government
• 22% Financial services
• 21% Manufacturing, retail and distribution
• 13% Communications and utilities  
•   6% Health

Related links

• View CGI's fourth quarter and F2024 results media announcement (PDF)

• Download the MD&A (PDF)

• Download the financial statements (PDF)

• Download the presentation (PDF)

• Listen to the webcast

Note: All figures in Canadian dollars. F2024 MD&A, audited consolidated financial statements and accompanying notes can be found at cgi.com/investors and have been filed with the Canadian Securities Administrators on SEDAR+ at www.sedarplus.ca and the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov.

¹Constant currency revenue growth, adjusted EBIT, adjusted EBIT margin, net earnings excluding specific items, net earnings margin excluding specific items and diluted EPS excluding specific items are non-GAAP financial measures or ratios. Earnings before income taxes margin, net earnings margin, cash provided by operating activities as a percentage of revenue, bookings, book-to-bill ratio, and backlog are key performance measures. See “Non-GAAP and other key performance measures” section of this press release for more information, including quantitative reconciliations to the closest International Financial Reporting Standards (IFRS Accounting Standards) measure, as applicable. These are not standardized financial measures under IFRS Accounting Standards and might not be comparable to similar financial measures disclosed by other companies.

²Specific items in Q4-F2024 include: $3.2 million in acquisition-related and integration costs, net of tax; Specific items in Q4-F2023 include: $6.7 million from the cost optimization program, net of tax.

³Specific items in F2024 include: $5.1 million in acquisition-related and integration costs and $68.1 million from the cost optimization program, both net of tax; Specific items in F2023 include: $42.1 million in acquisition-related and integration costs and $6.7 million from the cost optimization program, both net of tax.